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NEXON Q2 profit falls YOY

NEXON Co. Ltd. said its normalized net income for the second quarter came to ¥13.81 per share, a decrease of 26.8% from ¥18.88 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.14 billion, a decline of 26.7% from ¥8.38 billion in the year-earlier period.

The normalized profit margin declined to 16.1% from 19.6% in the year-earlier period.

Total revenue fell 10.6% year over year to ¥38.12 billion from ¥42.66 billion, and total operating expenses fell 21.1% from the prior-year period to ¥24.74 billion from ¥31.34 billion.

Reported net income decreased 41.9% on an annual basis to ¥7.57 billion, or ¥17.03 per share, from ¥13.01 billion, or ¥29.33 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.